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Trading product for support and resistance Indicator BTCUSD Prop, image 1
support and resistance
Indicator
14 purchases
Version 1.0, Jun 2025
Windows, Mac
4.3
Reviews: 3
Trading product for support and resistance Indicator BTCUSD Prop, image 2
Trading product for support and resistance Indicator BTCUSD Prop, image 3
Since 30/05/2025
42
Sales

Description

Key Features:

  • Automatic Detection of Support and Resistance: The indicator automatically identifies significant support and resistance levels based on price action, highlighting these zones where the price has reversed or stalled multiple times.
  • Bounce Count Validation: Support and resistance levels are validated based on the number of bounces (price reactions) from the level. The more bounces, the stronger the level. You can adjust the minimum bounce count for a level to be considered valid, ensuring that only highly significant levels are marked.
  • Adjustable Line Styles: The thickness and style of support and resistance lines are automatically adjusted based on the bounce count. Levels with more bounces are drawn with thicker, more prominent lines, visually emphasizing their importance.
  • Zone Width (Pips): You can define a buffer zone around support and resistance levels in pips. This helps in identifying price action within a range where the price could potentially reverse or react.
  • Higher Timeframe Filter: A unique feature of this indicator is its ability to validate support and resistance levels using a higher timeframe filter. By selecting a higher timeframe (e.g., 1H, 4H), the indicator cross-checks the identified levels against key price action on the higher timeframe, ensuring that only significant levels are drawn on the chart.
  • Alerts: When price enters the zone of a support or resistance level, the indicator can alert you with an audio sound, so you never miss an important price reaction.
  • Customizable Colors: You can easily change the color of support and resistance lines to suit your preferences or align with your trading theme.
  • Overlap Prevention: The indicator includes a threshold filter that prevents drawing overlapping support and resistance levels that are too close to each other, ensuring that only unique and important levels are displayed.

Benefits:

  • Save Time: Automatically detect and visualize key support and resistance levels without manually drawing them.
  • Clear Visuals: Easily see which support and resistance levels are the most significant based on price bounces and higher timeframe validation.
  • Effective Alerts: Receive timely alerts when price action enters important levels, helping you to act quickly and efficiently.
  • Improved Trading Decisions: Use this indicator to gain more confidence in your entries and exits, as well as your overall technical analysis.

Customization Options:

  • Lookback Bars: Adjust how far back the indicator looks to identify potential support and resistance levels.
  • Minimum Bounces: Set the minimum number of bounces required for a level to be considered valid.
  • Higher Timeframe: Filter support and resistance levels based on a higher timeframe (e.g., 1-hour, 4-hour charts).
  • Line Color: Choose colors for resistance and support lines to suit your chart style.
  • Alert Settings: Enable or disable alerts based on price entering support or resistance zones.

Summary

AI summary
This indicator automatically detects key support and resistance levels by analyzing price action and identifying zones where price has reversed or stalled multiple times. It validates these levels based on the number of price bounces, allowing users to set a minimum bounce count to highlight only significant levels. The indicator visually emphasizes stronger levels by adjusting line thickness and style according to bounce count. Users can define a buffer zone around levels in pips to capture price reactions within a range.

A higher timeframe filter cross-checks identified levels against price action on selected higher timeframes (e.g., 1-hour, 4-hour), ensuring only important levels are displayed. Alerts notify users with audio signals when price enters support or resistance zones. The indicator prevents overlapping lines by applying a threshold filter, maintaining clarity on the chart. Colors of support and resistance lines are customizable to fit user preferences.

Customization options include adjusting lookback bars, minimum bounces, higher timeframe selection, line colors, and alert settings. This tool supports markets such as Forex, commodities, indices, and popular symbols including BTCUSD, EURUSD, GBPUSD, XAUUSD, NAS100, and USDJPY. It aids traders in saving time, improving visual clarity, receiving timely alerts, and making more confident trading decisions.
Indicator profile
Indicator category
Support & resistance
Output type
Visualisation
Data requirements
Bars only
Supported signals
Breakout
Reversal

Discussion

Customer reviews

4.3
Reviews: 3
5
33 %
4
67 %
3
0 %
2
0 %
1
0 %
Customer reviews
June 11, 2025
Nice setup companion for a more controlled workflow. It helps with planning entries and exits around important areas, but not every zone holds, even if it looks clean. The cleanest use is 3 to 5 levels per chart, with 0.5 pullbacks checked before entry. I would still keep manual review in the process.
June 10, 2025
June 10, 2025
Decent option for checks around key price zones. The useful part is planning entries and exits around important areas, with the numbers checked before scaling. I would wait for 2 reactions and avoid trades where the target is less than 1.5R. Levels are useful when they reduce noise, not when they crowd the chart.

FAQ

BTCUSD
Prop
Forex
Breakout
Indices
EURUSD
Commodities
GBPUSD
NZDUSD
XAUUSD
NAS100
USDJPY
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

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Price

Since 30/05/2025
42
Sales